The history of finance in Canada
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- Disbenefits of foreign TNC investment,
prior to and after MAI
- By Don E. McAllister, 14 December 1997. We do not need
more foreign investment. It doesn't pay in the long
run. It results in more money flowing out in the end than
comes in. And we as a nation have less influence over
transnational corporations than domestic corporations. But
the MAI will facilitate the buying up of more of Canada by
foreign capital. If MAI goes ahead we can expect a
worsening balance of payments.
- Financial Services Agreement
- By Duff Conacher, Coordinator Democracy Watch, 19
January 1998. The World Trade Organization Financial
Services Industry Agreement (FSIA) effects our banking
sector the most, as our insurance, trust, and investment
brokerage sectors are already wide open to foreign
financial institution entry and ownership, mainly as a
result of changes to legislation governing these sectors
enacted in 1993-94.
- How much of Canada do we want to
sell?
- By Mel Hurtig, Globe and Mail, 5 February
1998. Some important facts and questions about MAI have
been missing. 45,000 new jobs as a result of MAI have
become a mantra for virtually every federal cabinet
minister and the Prime Minister, and are frequently cited
by business columnists and editorial-writers. New numbers
from the Investment Review Division of Industry Canada
show otherwise.
- The Cult of impotence
- Second of two excerpts from a new book by Linda McQuaig,
The Toronto Star, 22 March 1998. The Tobin
tax was an idea that had been proposed by Nobel
prize-winning economist James Tobin as an ambitious method
of taxing the vast sums of money swirling around the world
each day in international currency transactions to offer
enormous benefits for those outside the financial
community; that is, for most of the world's
population.